lydian-logo
bitcoin

Bitcoin (BTC)

Price
$ 67,453.07
ethereum

Ethereum (ETH)

Price
$ 3,756.09
cardano

Cardano (ADA)

Price
$ 0.451018
xrp

XRP (XRP)

Price
$ 0.522023
litecoin

Litecoin (LTC)

Price
$ 83.44
stellar

Stellar (XLM)

Price
$ 0.106778

Polkadot encourages its community to fight fraud through an "anti-fraud bounty."

Published on

January 25, 2023
Read Time:1 Minute, 37 Second

Polkadot, a protocol that connects blockchains announced its newest initiative to assist its ecosystem struggle fraud.

In keeping with the corporate, counting on security-conscious people inside its neighborhood to fight fraud has confirmed to be an efficient manner of defending its ecosystem. To inspire members of its neighborhood to maintain up the work, Polkadot persistently rewards them with bonuses paid in USDC.

Polkadot shared that his bounty is at present managed by the overall curators, which at present consists of three neighborhood members and two folks from the W3F anti-scam division. In the long run, nevertheless, Polkadot hopes the bounty will finally be managed solely by the neighborhood.

As a part of the community-led anti-scam initiative, neighborhood members are tasked with discovering and eradicating rip-off websites, faux social media profiles and phishing apps, and defending their Discord servers from being hijacked. As well as, the neighborhood will create coaching supplies for customers in addition to an anti-scam dashboard that may act as a central hub for all anti-scam actions of their ecosystem.

Total, the initiative encourages taking part members to provide you with concepts for increasing anti-scam actions to different areas. By decentralizing their anti-scam efforts, the Web3 Basis and Parity have shifted their decision-making course of to the neighborhood.

See Additionally: Polkadot Co-Founder Gavin Wooden Resigns as Parity CEO

Polkadot seems to be taking the mandatory steps to develop and strengthen its ecosystem. On Oct. 17, Cointelegraph reported that Polkadot hit an all-time excessive in growth exercise. Mission builders reported that 66 blockchains at the moment are stay on Polkadot and its parachain startup community Kusama.

Since its inception, over 140,000 messages have been exchanged between chains throughout 135 information channels. Mixed, the Polkadot and Kusama coffers have cumulatively paid out 9.6 million DOT and 346,700 KSM ($72.8 million whole) to fund spending proposals within the ecosystem.

Source link

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Azeez Mustafa
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager – as well as an author.
Last Updated : January 25, 2023
Top crossmenumenu-circle